BPCL board approves merger of Bharat Gas Resources Ltd with itself Posted On: 2020-12-17 06:37:20 (Time Zone: Arizona, USA) The Board of Directors of Bharat Petroleum Corporation Limited (BPCL) at the meeting held on 17th December 2020 has accorded its 'in principle' approval for merger of Bharat Gas Resources Ltd Limited (a wholly owned subsidiary of BPCL) with BPCL subject to the approval of the competent authorities and completion of Regulatory and other requirements. BGRL is engaged in the business of Natural Gas. The Authorised Equity Share capital of BGRL is Rs.2300 crore and current paid up capital is Rs.558.62 crore. During the financial year 2019-20, BGRL has recorded revenue from operations of Rs.273.35 crore.